Wix.com Inks a $36 Million Deal for DeviantArt

Israel-based web design firm Wix.com (NASDAQ: WIX) recently acquired DeviantArt for $36 million in cash, including an estimated $3 million in assumed debt. According to Wix, DeviantArt is “one of the world’s largest online communities dedicated to artists, art enthusiasts and designers” and boasts over 325 million pieces of original art, along with “more than 40 million registered members.” Since the company announced its strong fourth-quarter and full-year results on Feb. …read more